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i think harry reid's comments sum it up. that is, there is no way that the democrats really want to talk about spending, and i know that the republicans have been light on detail as well, but if the issues facing this country are tackling the biggest part of what we spend in the form of entitlements, we are kidding ourselves that anything is going to be done in a timely faction. they are going to want to do the tax part and kick the rest, and i'll tell you what. i think a lot of conservatives will go along with the potential tax increase, but they are not going to take a promise on the rest of it, so i think it's going to get ugly. >> you know, carol, are alan greenspan is going to tell us later in the program that maybe we should go over the cliff, that the minor recession that is expected as a result is a small price to pay for greater fiscal reform in this country. >> you know that i believe that. you're teeing that one up for me. >> i'm giving you a softball here. >> i'm all about accountability and responsibility so i w
i think harry reid's comments sum it up. that is, there is no way that the democrats really want to talk about spending, and i know that the republicans have been light on detail as well, but if the issues facing this country are tackling the biggest part of what we spend in the form of entitlements, we are kidding ourselves that anything is going to be done in a timely faction. they are going to want to do the tax part and kick the rest, and i'll tell you what. i think a lot of conservatives...
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did you hear harry reid? the senate majority leader says i don't think we'll get a deal by christmas. would you think that's a real negative for the market. only lost 25 or 30 points in the dow on that. that surprised me. >> it held up pretty good. >> thanks, everybody. >> final word, david. >> as the debate goes on, when those statements come later in the year and closer to christmas or to new years, it will have a much larger impact on the market. >> i'm sure it will. i agree with you. >>> the other story, tensions mounting in michigan as union workers are protesting a bitterly distributed right-to-work bill. nbc's rob mott now with the details. >> reporter: good day to you from the michigan state capital where we saw a lot of protesters out here protesting two measures that the house passed today that would bar unions from forcing people to join those unions as a condition of employment. sometime tomorrow governor rick schneider is expected to sign them into law make michigan the 24th right-to-work state i
did you hear harry reid? the senate majority leader says i don't think we'll get a deal by christmas. would you think that's a real negative for the market. only lost 25 or 30 points in the dow on that. that surprised me. >> it held up pretty good. >> thanks, everybody. >> final word, david. >> as the debate goes on, when those statements come later in the year and closer to christmas or to new years, it will have a much larger impact on the market. >> i'm sure it...
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. >> senate majority leader harry reid has also called republicans out for sabotaging the democratic process.ç now, putting this all into context, he tweeted out today, harry reid did, "i share the frustration of americans lamenting the lack of progress in negotiations to avoid a massive tax increase on middle class families. but for insight into why negotiations have been tough, consider the failure of the disabilities treaty at the hands of the tea party. those are the same republicans with whom democrats are supposed to find agreement to protect middle class families from a january 1st tax increase?" who could say it better? democrats are not being unreasonable here whatsoever. they are the party of reason right now. the people have spoken. house democratic whip steny hoyer says democrats are still willing to talk with republicans about entitlement reforms. they've been on the table for some period of time. that does not mean that i'd be prepared to adopt them now. but they're clearly, i think, on the table. republicans don't want to talk about entitlement reforms. you see, they
. >> senate majority leader harry reid has also called republicans out for sabotaging the democratic process.ç now, putting this all into context, he tweeted out today, harry reid did, "i share the frustration of americans lamenting the lack of progress in negotiations to avoid a massive tax increase on middle class families. but for insight into why negotiations have been tough, consider the failure of the disabilities treaty at the hands of the tea party. those are the same...
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some headlines out of harry reid which may not be good news for the market. harry reid saying the democratic party will not put an offer of spending cuts on the table for the gop. reid also adding he does not think we will have a deal on the fiscal cliff before at least christmas if not longer. so think about that. harry reid saying no, no, no. republicans asking us to present cuts. we want them to present cuts. clearly this is political gainsmanship. democrats want gop to be the one to go to the american people to say here is what we're going to cut from your entitlement programs, mandy. reid saying we don't think a deal is going to get done before christmas. that does not bode well. the dow industrials are up. you can see they have ticked down a little bit. harry reid, a very, very powerful member obviously. senate majority leader. this is a guy deeply involved in the negotiations. when he speaks, it means something. we'll keep watching those markets. meantime, huge dirty money crackdown. british banking giant going to have $2 million in penalties, it helpe
some headlines out of harry reid which may not be good news for the market. harry reid saying the democratic party will not put an offer of spending cuts on the table for the gop. reid also adding he does not think we will have a deal on the fiscal cliff before at least christmas if not longer. so think about that. harry reid saying no, no, no. republicans asking us to present cuts. we want them to present cuts. clearly this is political gainsmanship. democrats want gop to be the one to go to...
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in the six year with harry reid we've had 386 filibusters. the senate has become totally dysfunctional because of this power grab by the minority. >> and when it comes to protecting minority rights, people say, the one argument you often hear is you might think the filibuster is a good idea now. but let's say democrats had not won the election. republicans had come in with the same 55 vote senate majority you have now. mitt romney was president. health care could be repealed, particularly in the absence of the filibuster. so what do you say to them? >> what i say to that, ezra, is i'm not afraid of democracy. i said that to majority leader mcconnell on the floor this summer. he was basically saying that, you know, you democrats better be careful. if we take over, we can repeal obama care. my rejoinder to that is if that is what the people vote for at the ballot box, then elections ought to have consequences. now i won't vote for it. i might try to slow it down, amend it, change it. but at least the majority ought to have the right to propose
in the six year with harry reid we've had 386 filibusters. the senate has become totally dysfunctional because of this power grab by the minority. >> and when it comes to protecting minority rights, people say, the one argument you often hear is you might think the filibuster is a good idea now. but let's say democrats had not won the election. republicans had come in with the same 55 vote senate majority you have now. mitt romney was president. health care could be repealed, particularly...
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stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is the fiscal cliff situation looking dicier by the day as we head headlines out of announcement by the federal reserve's announcement tying rate hikes to the unemployment rate. >> our next guests are here with their best ideas going into the new year. today's "closing bell" exchange, gary webbush here with us and steve sax from pro shares advisors and steven gil garcetg and our own jeff cox. no encouraging words out of washington, here we go again, from either the fed or congress. >> right, and frankly that's very expected. there's going to be a -- some grandstanding about your political philosophies right up
stocks losing streams after house speaker john boehner and senate majority leader harry reid stoked the notion that a deal is not close. down as many as 94 points on the dow at the low of the session and now down at 82 at 13,163. the nasdaq down 26 points right now, a decline of almost a percent at 2987 and the s&p 5 hundred index, trying, doesn't look like it will, seven straight up days, not today though, down ten points at 1418. >> investors dealing with jewel issues. not only is...
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perhaps that's why senate majority leader harry reid felt confident enough to declare that until republicans move on tax rates, more spending cuts are off the table. >> the president made clear, i have tried to make very clear, until there's some movement in tax rates, we're -- i'm not talking about any other proposals, not about where there will be a cut here or a cut there. >> no. as a matter of fact, the only cuts the senate is talking about today are in terms of staff on the republican side. with the surprise news today that senator jim demint after blasting speaker boehner's debt reduction plan will step down from the senate to head a conservative think tank. quote, i've decided to join the heritage foundation at a time when the conservative movement needs strong leadership in the battle of ideas. yes, the strong leadership of lobbyists. asked by rush limbaugh if boehner was forcing him out, demint replied, it might work a little bit the other way. let's get to our panel. with us from washington is msnbc political analyst david corn, msnbc contributor dr. jared bernstein, senior fellow
perhaps that's why senate majority leader harry reid felt confident enough to declare that until republicans move on tax rates, more spending cuts are off the table. >> the president made clear, i have tried to make very clear, until there's some movement in tax rates, we're -- i'm not talking about any other proposals, not about where there will be a cut here or a cut there. >> no. as a matter of fact, the only cuts the senate is talking about today are in terms of staff on the...
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and i think this was a mistake on timing. 33 republicans sent a letter to the majority leader harry reid saying we shouldn't have a negotiation of a treaty during a lame duck session of congress. i disagree with our move here. you had a treaty that was negotiated by my former boss, george w. bush. you had robert dole out there. i think the republicans are upset about diming but again disabilities. most of the major countries around the world have signed this. it should have been done. >> goldie, you in your very being would embody some problems that the republican party has. you're an intelligent woman of color. >> sure. >> what does the republican party have to do to make people like you feel it has something to say to to you? >> you know, i live in the american south and that's ground zero for this modern day gop. what i hear on the ground and i have worked both sides of the aisle. i have been open about that, people know it. >> sure. >> i think there is a policy issue, a set of policy issues, but there's also to a greater extent a messaging issue, and then, you know, in terms of just
and i think this was a mistake on timing. 33 republicans sent a letter to the majority leader harry reid saying we shouldn't have a negotiation of a treaty during a lame duck session of congress. i disagree with our move here. you had a treaty that was negotiated by my former boss, george w. bush. you had robert dole out there. i think the republicans are upset about diming but again disabilities. most of the major countries around the world have signed this. it should have been done. >>...
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. >> house speaker john boehner and senate majority leader harry reid on the fiscal cliff standoff. "the new york times" reporting gop leaders are considering extending tax cuts for the fiscal class to avert the fiscal cliff but if that is the case republicans are staying very tight lipped about it. joining me is senator ben carden from maryland a member of the budget committee and the committee on finance. good to have you here and you have said one thing you want from these talks is to show the markets and to show leaders, that leaders have the situation under control there, in your estimation, how would you say that's going so far? >> well predictability is very important. i think the first step is exactly what leader reid said. if we can get predictability on the taxable income below $250,000, everyone knows that's under current rates and also give us the additional revenue we need on that income above $250,000, it shows us that we are moving towards a balanced way to deal with the fiscal cliff. it would be an incredible lift, i think, to confidence in the markets. >> so with ra
. >> house speaker john boehner and senate majority leader harry reid on the fiscal cliff standoff. "the new york times" reporting gop leaders are considering extending tax cuts for the fiscal class to avert the fiscal cliff but if that is the case republicans are staying very tight lipped about it. joining me is senator ben carden from maryland a member of the budget committee and the committee on finance. good to have you here and you have said one thing you want from these...
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. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage there because those rates -- >> i'll take it back from harry reid while we try and figure out this audio issue that we're clearly having from the majority leader and his comments down in the nation's capitol as the democratic leadership gets its turn, if you will, at the microphone for an update on the fiscal cliff. we've already heard from speaker boehner just a short time ago. i think we have that cleared up. let's go back to mr. reid. >> at some point reality should set in. the only question is how much financial stress middle-class families and
. >> harry reid is speaking right now. let's go down to capitol hill. >> -- calling on speaker boehner for tax cuts to the middle class. today senator cornyn, the second ranking democrat in the next congress -- i'm sorry, don't i wish -- the second ranking republican in the next congress -- joined the chorus in calling on speaker boehner to do the reasonable thing. here's what he said. i believe we're going to pass it sooner rather than later. we really don't have much leverage...
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republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first grandchild for former president bush and first lady laura. they called in to congratulate their daughter. >> fired up. looking forward to it. i'm excited for jenna and henry. i can barely contain the news when i found out so now i can tell all my buddies. >> where do you come down on spoiling grandchildren? to spoil or not to spoil? >> definitely to spoil. no doubt about it. >> kind of like we did our daughter. >> congratulations to them. if you read only one thing this morning, my must-read is about one of the handful of absolutely perfect foods. bacon. it's written by an obsessive bacon lover and includes the preview
republicans found it so outrageous, it spawned a twitter revolt with the hash tag, harry reid rumors. one of our favorites? jammie foxx to be named secretary of state. sorry, susan. hash tag harry reid rumors. >>> actress and activist ashley judd is polling four points behind senator mitch mcconnell in a hypothetical matchup. mcconnell's approval ratings are the worst of any senator nationally. the poll found judd to be the top choice as a challenger. >>> and the first...
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i want to play sound from harry reid this morning on the floor. you get a sense the republican resistance is theater, but there is a genuine belief they cannot extend these things. let's listen to harry reid. >> how many times is charlie brown going to try to kick that football, because we know every time he approaches that football, it will be taken away from him. we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are some time in the future going to come up with revenue. they are going to come up with raising the rates or, madam president, we are going over the cliff. >> i'm reminded of the famous george bush adage, whatever it was, fool me once, shame on you, fool me twice, it was actually shame on me. >> that's what republicans are saying exactly this, the white house has opportunities in the future in which it can raise taxes on the wealthiest and it should take those opportunities in order to get us through this crunch period. do the minimum that is possible now to stop us
i want to play sound from harry reid this morning on the floor. you get a sense the republican resistance is theater, but there is a genuine belief they cannot extend these things. let's listen to harry reid. >> how many times is charlie brown going to try to kick that football, because we know every time he approaches that football, it will be taken away from him. we are not going to fall for that again. the american people aren't going to be under the illusion that the republicans are...
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it's a sad day, said harry reid, when we cannot pass a treaty that simply brings the world up to the american standard for protecting people with disabilities because the republican party is enthralled to extremists and idealogs. that brings us back to mark twain who said
it's a sad day, said harry reid, when we cannot pass a treaty that simply brings the world up to the american standard for protecting people with disabilities because the republican party is enthralled to extremists and idealogs. that brings us back to mark twain who said
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stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >> if we took the president's revenue, we took the republic republicans' spending cuts and we put them together, we'd have a package of more than $4 trillion. >> what i hope boehner does not do is give away the debt ceiling with any kind of deal unless it's the real deal. >> when the government spends money and a lot of these other so-called infrastructure investments, it ends up wasting the money, taking it from the private sector. >> i think we need to do the entitlement issue. >> i'm optimistic we're going to be able to avoid the fiscal cliff, we're not going to go over that. we're not g
stocks, though, did come off their highs, after those harry reid comments. that sent everybody into a little bit of a tail spin. i believe we do have some comments on tape here from some of the lawmakers we heard today. >> you give the president every single job harming tax increase that he's requested, you run the government for maybe nine or ten days. >> i think there's a real danger that we're going to end up with some damaging tax increases and nothing to show for it. >>...
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neil: worked under harry reid. >> well, no, no, he filibustered -- neil: no mystery leaving the body led by democrats. >> if you're jim demint, you hold fellow republicans accountable. striking a deal. neil: good point. i don't agree with why it's happening, but republicans, by boehr now, taking key committees, and the make you now seems to be repudiating the very folks who got you to be speaker of the house. i don't think it's a good trend. >> we are not envying john boehner's current position at the time. it's a difficult position to be in. neil: i envy his office, huge office, huge desk. i envy it. >> demanding prowess. neil: that's a cheap shot. >> that's why he's losing neil. neil: exactly right. >> alway going to win, and obama, to his credit, is more consistent on the issue. neil: i will say this that barack obama has been more consistent on that, you're right. i will say this, republicans lost the election, but i didn't realize they lost their backbone. that's neitherere nor there. guys, thank you. the stan ten island resident who stepped in when the government was not helpin
neil: worked under harry reid. >> well, no, no, he filibustered -- neil: no mystery leaving the body led by democrats. >> if you're jim demint, you hold fellow republicans accountable. striking a deal. neil: good point. i don't agree with why it's happening, but republicans, by boehr now, taking key committees, and the make you now seems to be repudiating the very folks who got you to be speaker of the house. i don't think it's a good trend. >> we are not envying john...
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reid shocked him by agreeing to have a vote on the stunt right away. >> is there an objection? of course there shouldn't be. he is now agreeing to what the majority leader asked for. reserve the right to object. what we are talking about here is a debt ceiling grant matters of this level of controversy always require 60 votes. so i would ask my friend if he would modify his on sent agreement to set the threshold at 60. >> what we have here is a case of republican ares heren the senate not taking yes for an answer. >> just now i told everyone that we are willing to have that vote. and now the leader objects to his own idea. i guess we have a filibuster of his own bill. so i object. >> is there objection he to the original request? >> objection is heard. >> whiplash. >> whiplash. okay i've spent more time watching the floor than everyone of you out there combined and you saw two things that have never happened before. one a leader who asked for a bill and then opposed the vote to his bill saying that it should be subjected to the vote. he was fill but bustering his own bill. and
reid shocked him by agreeing to have a vote on the stunt right away. >> is there an objection? of course there shouldn't be. he is now agreeing to what the majority leader asked for. reserve the right to object. what we are talking about here is a debt ceiling grant matters of this level of controversy always require 60 votes. so i would ask my friend if he would modify his on sent agreement to set the threshold at 60. >> what we have here is a case of republican ares heren the...
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senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathyize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves, and treating the president's proposal like it's serious. >> very critical of john boehner. and demint's press release aimed squarely at john boehner. $800 billion tax hike will destroy jobs, allow washington to spend more. as you all know, john boehner put an $800 billion tax hike as a center of his proposal. so john boehner got rejected from the white house, which wants another $800 billion on top of that in tax hikes and then rejected by the right wing of his own party which wants absolutely no tax hikes at all. so unlike harry reid, i actuall
senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathyize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with...
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and harry reid says it will be difficult to get legislation passed before then. g.o.p. made a counter offer to the president. so what is in it? the federal government sold shares of aig. they report $5 billion profit. there is a catch. we'll tell you what it is. ♪ ♪ >> greg: by the year 2030, america will no long ber the only super power. according to global trends 2030, the u.s. will be first among equals as brazil, india and china continue to rise. communist china works. i wonder if he would be willing to report state run economy. i doubt the white house cares. being number two means never being number one. if you believe exceptionalism is quaint you don't like being number one to begin with. we no longer refer to achieveer as successful. we call them rich to make them target for withdrawal. if you are good at what you do you become obama's atm. pin code for pork. the report says we'll be cyborg with neuroenhangment for superhuman abilities. will robots be forced to unio unionize? >> dana: where were you when you wrote that? were you in a bar in colorado or washin
and harry reid says it will be difficult to get legislation passed before then. g.o.p. made a counter offer to the president. so what is in it? the federal government sold shares of aig. they report $5 billion profit. there is a catch. we'll tell you what it is. ♪ ♪ >> greg: by the year 2030, america will no long ber the only super power. according to global trends 2030, the u.s. will be first among equals as brazil, india and china continue to rise. communist china works. i wonder if...
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>> harry reid, the majority leader, would say very unlikely we would have a deal by christmas, ostensibly we are running out of days on the calendar. if that is the case and he quibbles that the republicans have not come up with specifics, are you against running to the clinton rates or are you okay where that if it avoids the hoops of looking for like revenue? >>guest: i am in favor of anything that gets an agreement. it seems to me, why are we focusing on that narrow part of this entire scenario? why aren't we will giving equal weight in the media and our debates on entitlements. we know what the elephant in the room is. they are not the ones at the table, right now, right now it is the president, speaker boehner, and perhaps mcconnell and perhaps pelosi but right now --. >>neil: the best-case-scenario we hear, senator, is republicans agree to hike the taxes depending on the details with a promise they will address spending next year. republicans argue they have been that way before. >>guest: i have bench front property in arizona if you would accept that deal. >>neil: you would not? >>
>> harry reid, the majority leader, would say very unlikely we would have a deal by christmas, ostensibly we are running out of days on the calendar. if that is the case and he quibbles that the republicans have not come up with specifics, are you against running to the clinton rates or are you okay where that if it avoids the hoops of looking for like revenue? >>guest: i am in favor of anything that gets an agreement. it seems to me, why are we focusing on that narrow part of this...
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reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking legacy or anything? should we expect to see this level of leadership going forward? >> i think he tried to make a deal with boener in 2011. we know he was close to a deal with boehner and then the gang of six with the plan more aggressive. sort of a bigger deal and the president sort of balked at the agreement. seemed to be putting in to place with boehner and then boehner walked away, as well, and the whole thing fell apart. i think you have seen an acknowledgment. if the president and boehner come to an agreement then the senate will come along, the house democrat wills come along. a number of them will. these are really the key negotiators and has to be done at that level to get something finished. >> jonathan, i have to say i'm a little bit
reid. this time around, maybe because he feels he has the mandate, he's doing the negotiations straight on with boehner which i think leads to a better result. this is an overall different approach in his leadership whether it's because he's thinking legacy or anything? should we expect to see this level of leadership going forward? >> i think he tried to make a deal with boener in 2011. we know he was close to a deal with boehner and then the gang of six with the plan more aggressive....
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reid. >> you want me to do harry reid again? >> stephanie: what i was saying to john yarmuth. >> i think it will be extremely difficult to get it done before christmas. >> stephanie: they aren't going to have time to work on the programs. they need to get them, as john said the middle class tax cut done. >> nobody should trust democrats to put a dime in new revenue toward real deficit reduction. or to stop their shakedown of the taxpayers. >> of the taxpayers. >> speaking of mitch mclipless, did you see what dubious honor he won yesterday? >> stephanie: yes i'm getting to that! nobody help me! i've got this. >> just trying to produce here. >> stephanie: don't overproduce me! [ laughter ] >> stephanie: mitch mcconnell received the dubious honor of being named america's most unpopular senator! isn't that something. [ applause ] according to nau poll, 55% disapproval rating in kentucky. 37% approval rating. kentucky democratic voters express their disa desire to see ashley judd run in the primaries for 2014. rock on, girl. nay-saye
reid. >> you want me to do harry reid again? >> stephanie: what i was saying to john yarmuth. >> i think it will be extremely difficult to get it done before christmas. >> stephanie: they aren't going to have time to work on the programs. they need to get them, as john said the middle class tax cut done. >> nobody should trust democrats to put a dime in new revenue toward real deficit reduction. or to stop their shakedown of the taxpayers. >> of the...
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>>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a sweetheart deal to delay a 2.3% medical device tax that is part of obama care. due to start january 1st. but you know what, may i with all respect, these guys are hypocrites. they're not supply siders. yes, the tax is a job killer, as they say, but it's only hitting their states. the senators claim the medical device tax kills jobs but why aren't they against all the other job killing obama care taxes or for that matter the fiscal cliff tax hikes that are coming. let's faulk about this. we have igor volsky and guy benson. guy benson, i am glad they have won't up to this lousy medical device tax but did someone say minnesota where, wait, medtronic and st. jude medical are the biggest companies? they're the ones that make the equipment? and senator klobuchar and senator al franken are all of a sudden making a beef because it's in their state? where they been, guy benson, and when did they discover that taxes are job kimmers? >> i thought that wasn't the case at all. you're right. they didn't just
>>> in a letter to senate majority leader harry reid, 18 democratic senators are requesting a sweetheart deal to delay a 2.3% medical device tax that is part of obama care. due to start january 1st. but you know what, may i with all respect, these guys are hypocrites. they're not supply siders. yes, the tax is a job killer, as they say, but it's only hitting their states. the senators claim the medical device tax kills jobs but why aren't they against all the other job killing obama...
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we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren buffett will be buying back stocks. he was never going to buy back stock or split the stock. he was never going to put the stock in the s&p 500. if this is not hypocritical to the maximum level -- no, no, no. he has changed. >> oh, a long time ago. >> a long time ago. never believed in buybacks. never would split a stock into the "b" shares and would never go into the s&p 500. you don't want closet indexes owning the name. that's some of the hypocrisy. but given the fact that he took out one of the early investors in this stock before the capital gains tax goes up, i mean, really? come on. if this wasn't buffet
we will bring you comments from senators harry reid and dick durbin. that is live, and that is coming up. >>> the "cnbc realtime exchange market snapshot" is brought to you by interactive brokers. >>> it is time for another capital markets op-ed. buybacks. >> you guys covered this yesterday at great length. i hoped to look at some of the newspapers today, "the wall street journal" was the only newspaper somewhat critical about this. look, warren...
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the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> i spoke to an aide to one top republican leader who was a little bit upset by the comment the president would be willing to compromise a little bit. the white house did not disclose any details of the meeting with the president and the speaker yesterday only confirmed that communications remain open. tim john boehner remaining discussions are in place. david: the president said some things about a year ago that sounded like a perfect compromise. let me get your reaction. this was about a year ago. >> what they said was give us 1.2 trillion in additional revenue
the president speaks to senate democratic leader harry reid, we have learned. meeting yesterday at the white house with a speaker banner an in a speech in detroia couple of hours go the president extended little olive branch to the republicans. >> i have said i would work with republicans on a plan for economic growth, job creation and reducing our deficits. and some compromise between democrats and republicans, i understand people have a lot of different views, i'm willing to compromise...
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today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of those is tom cole who is a republican from oklahoma who joins us now live from capitol hill. fantastic to have you here on the show, congressman. >> good to be with you. >> what kind of spending cuts do you need to see, congressman, for you to be able to vote for those tax hikes on the top 2%? >> for the record i don't promote raising taxes on anybody. but if congress doesn't act they go up automatically. i'd like to take an area where we agree with the area, that we're not going to raise taxes on 98% of the american people. and just get that out of the way. let's not have those
today we're told he had a phone call on air force one from harry reid. presumably to go over what it is their hashing out behind the scenes. a public and private scene going on here. >> they don't have to be face to face to keep the negotiations going. thank you. and as we get closer to the cliff's edge, a number of republicans in congress say they would be willing to accept tax increases on the wealthiest americans if they are accompanied by large enough spending cuts. >> one of...
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. >> and harry reid named a number today. 38.5%. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate taxes as well as jobs, making headlines saying it's a myth that raising tax rates will kill jobs. let's talk with fred smith right now in a cnbc exclusive about that and more. frank, good to have you on the program. welcome back. >> thank you very much, maria. always good to be here. >> good to see you again. let's start with the fiscal cliff issue. when it comes to higher taxes, you seem to disagree with house speaker boehner when he says raising taxes on the highest earners will hurt jobs. can you elaborate on that? >> i think what the speaker is saying quite correctly is you don't want to increase taxes on the job
. >> and harry reid named a number today. 38.5%. >> they talk about the clinton tax rates and say how good the economy was under the clinton years, but it's not entirely clear that raising taxes is going to create a great economy this time around. >> thank you so much. we go from party line to the front lines on the impact of the fiscal cliff's mess. fedex ceo fred smith was among the ceos who met with the president yesterday. he's been outspoken on the issue of corporate...
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reid is the only person in the senate that can pass a bill in the senate as well. it sounds like people like howard dean want everybody's taxes to go up. maybe we should feel fortunate that president obama only wants the top two% to g two percent t. >> greta: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don't believe they'll vote for a rate increase. what we'll vote for hopefully is to extend the current tax rates permanently and start working with president obama on true pro growth tax reform, but again, it sounds like treasury secretary geithner is happy to take the economy off the fiscal cliff, and again, if president obama wants to do that, he can do that, it sounds like that's exactly where he wants to go, what is kind of amazing, maybe republicans should take, you know, a victory lap from the fact that we've actually convinced democrats it's a good thing to maintain the bush tax cuts for at least 98% of the american population. i guess that's a good thing. i hope, i hope if president obama decides to increase
reid is the only person in the senate that can pass a bill in the senate as well. it sounds like people like howard dean want everybody's taxes to go up. maybe we should feel fortunate that president obama only wants the top two% to g two percent t. >> greta: do you anticipate republicans will vote for a rate increase if this should come to a vote? >> i don't believe they'll vote for a rate increase. what we'll vote for hopefully is to extend the current tax rates permanently and...
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. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the end of the day and the end of the day is december 31, to come up with a final deal. and i think it only gets worse for the republicans. look, they want us to cut medicare and entitlements have to be on the table. as if there is an equivalency between the richest americans paying a bit more and asking senior who make $20,000 a year to pay more. really? >> congresswoman, isn't this a time where liberals in congress have to hold the line? there's rumors going around from medicare age going from 65 to 67, there might be some benefit cuts in here. the fact is, there's a lot of lawmakers on cap
. >> harry reid now says it's going to be awful hard to reach a deal by christmas. where is this all heading, in your opinion? >> the republicans are in total disarray. i think john boehner went to the floor today to encourage his -- or to placate his tea party people saying the real answer is in more cuts and the president has to be clear about the cuts, which as you said, and pointed out, that we have been very explicit about that. i think it's going to be very hard for us at the...
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and as you pointed out, house speaker john boehner, harry reid also preparing conferences to potentially work through the holidays. that is a tactic to some extent, but it is still an indication that as of right now, there's really no deal in sight. >> right. and now today speaker boehner said the president's plan has absolutely no chance on this hill. take a listen to this. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. and if you look at -- if you look at our budget, we have no new revenue in our budget. the president had $1.6 trillion worth of new revenue. >> so he says it's never going to happen. but the president says he's confident speaker boehner will ultimately cave. are these meetings, these phone calls, are these all -- >> a bit of political theater if you speak to folks who are involved in these negotiations. they will admit that it is important to run down the clock. they want their conferences to feel as though they put up a fight. they can't say they put up a good fight if you don't run the clock down. and also a deal
and as you pointed out, house speaker john boehner, harry reid also preparing conferences to potentially work through the holidays. that is a tactic to some extent, but it is still an indication that as of right now, there's really no deal in sight. >> right. and now today speaker boehner said the president's plan has absolutely no chance on this hill. take a listen to this. >> the president's called for $1.4 trillion worth of revenue. that cannot pass the house or the senate. and...
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he figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it's passed. at which point, mcconnell kind of filibustered his own bill. he said, no, if we're not going to have a 60-vote threshold, there would be no vote at all. he got his wish and then he launched a filibuster or a 60-vote challenge against a vote he asked for. claire mccaskill was senate president at the time. here was her reaction. >> is their objection to the original request? >> yeah. >> objection is heard. i got whiplash. >> i got whiplash. that is the world's greatest deliberative body in action. that is also the kind of thing people who don't know how to see the sailboat in washington. it's all games the two parties are playing to prove they are really committed to beating the other side. that's what they have to do. it's part of the whole dance. their base won't trust the
he figured harry reid would back down. prove that even democrats don't like this idea. but reid did not back down. he doubled down. he said, yeah, let's vote on the plan. but let's move to an immediate up or down vote. no filibuster, no 60-vote requirement, let's see if it gets 51. if so, it's passed. at which point, mcconnell kind of filibustered his own bill. he said, no, if we're not going to have a 60-vote threshold, there would be no vote at all. he got his wish and then he launched a...
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reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from geithner yesterday to steve liesman he's prepared to go over the cliff if need be. >> yes. >> do we know if the republican position is weakening at all, are they ready to make any concessions on their end? >> well we get a sense that some republicans that i've been talking to are ready to make a deal, i talked to a couple republicans in the house yesterday who said they are urging speaker boehner to cut a deal here to agree with the president to extend the bush tax cuts for all those under 250,000, at least do that much, so there is some weakening on the republican side. the question is whether there's enough to get a de
reid the senate democratic leader was on the floor within the past hour or so and he kept the pressure up on republicans. take a listen. >> the plan for the republicans to face reality, there's enough writing on the wall. >> you get the sense here guys that democrats feel like they have the upper hand, there is some dealmaking behind the scenes. what that dealmaking is we don't yet know and when it could yield some resolution we don't know that. >> quickly, we got from...
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harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. >> it's back! the debt ceiling. >> house speaker john boehner took to the house floor only a few hours ago. >> john boehner was on the floor. >> people know that the president and i met on sunday. >> and said his meeting was nice. >> it was a nice meeting. it was cordial. >> cordial. >> we have to cut spending. >> holding back when it comes to spending cuts. >> republicans have been ratcheting up their rhetoric. >> get the tax issue off the table. >> we don't have the leverage. >> you can't tax your way out of this baby. >> throw in the towel on this tax rates issue. >> they have the debt ceiling. >> keep your eye on the debt ceiling. >> the debt ceiling part of this deal. >> the leverage is going to shift. >> it's their leverage. >> the leverag
harry reid on ben nelson's luscious locks. they may refer to the record of that luscious body and find hair envy actually in it. that's the best weirdest new thing in the world. that does it for us tonight. rachel will be back tomorrow with great hair. now it is time for the last word. >> it's back! the debt ceiling. >> house speaker john boehner took to the house floor only a few hours ago. >> john boehner was on the floor. >> people know that the president and i met on...
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. >>> finally, senate majority leader harry reid paid tribute to ben nelson of nebraska yesterday and fessed up that the outgoing nebraska democrat is something he wants. the hint is in the top half of the picture. >> if the truth were known, many, many senatorings would be very envious, as i am, and i would even think the presiding officer, about that hair of ben nelson's. i mean, that is a mop of real hair. it's often that people call his office, e-mail his office. they believe he has a toupee. it's his hair. he has hair like a 15-year-old, mr. president, and so i have to acknowledge i am a little envious of his hair. >> hair envy aside, nelson's real mark might be casting what many people called the deciding vote in favor of obama care. that was quite a moment. >>> up next, the new movie "zero dark thirty" suggests we wouldn't have gotten bin laden without torturing terror suspects. not everyone agrees, and that's ahead. you're watching "hardball," the place for politics. ♪ if it wasn't for you ♪ don't know what i'd do ♪ i'd have nothing to prove ♪ i'd have nothing to lose
. >>> finally, senate majority leader harry reid paid tribute to ben nelson of nebraska yesterday and fessed up that the outgoing nebraska democrat is something he wants. the hint is in the top half of the picture. >> if the truth were known, many, many senatorings would be very envious, as i am, and i would even think the presiding officer, about that hair of ben nelson's. i mean, that is a mop of real hair. it's often that people call his office, e-mail his office. they believe...
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he will be missed by democratic senator harry reid calling demint a friend. >>> i have read his book. he's read my book. we are friends. we spent half hour within the past week talking about the senate. at this time, i didn't know that he was considering leaving. i'm not sure that he had made a decision at that time. i rather doubt it. but i've always liked the guy. and even though i disagreed with so much of what he's done, i appreciate that -- i personally believe he does this out of a sense of real belief. it's not political posturing for him as it is for a lot of time. i like jim demint. i wish him well. >> keep in mind, demint is leaving with four years left in his senate term. earlier he had said he would retire in 2017 but gave no previous indication he might quit now. >>> as concerns are rising over activity at syria's chemical weapons site a new round of diplomacy today. hillary clinton meets with russia's foreign minister, a long-time friend of syria's. so what happens next? i'm brooke baldwin. the news is now. >>> when something brings you down, you got to get up. >> you ok
he will be missed by democratic senator harry reid calling demint a friend. >>> i have read his book. he's read my book. we are friends. we spent half hour within the past week talking about the senate. at this time, i didn't know that he was considering leaving. i'm not sure that he had made a decision at that time. i rather doubt it. but i've always liked the guy. and even though i disagreed with so much of what he's done, i appreciate that -- i personally believe he does this out of...
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harry reid said this. i take your point, but go. >> we can sit here and debate this. we don't have conclusive evidence either way. but the bottom line is he wants the government to come in and say we're going to harm small businesses here, we're going to impose the taxes, overregulate, do all the things that hurt these businesses and inhibit their ability to function and grow when we don't have conclusive evidence. that's the problem. stuart: but it's very attractive to a politician, a carbon tax, because it brings in a gusher of money. you tax companies. you tax utilities for the amount of co2s hat they put out in the atmosphere, you tax them on that basis, and you bring what, 100, 120 billion dollars a year? sandra: once they start seeing that money, they are going to want more. it could lead to an ugly future of very high taxes and could stif business -- and it could stifle business. >> i don't think he will get support for this. i don't think the public has appetite for it. stuart: i'm not so sure. i agree that people won't like this, but when politicians need mon
harry reid said this. i take your point, but go. >> we can sit here and debate this. we don't have conclusive evidence either way. but the bottom line is he wants the government to come in and say we're going to harm small businesses here, we're going to impose the taxes, overregulate, do all the things that hurt these businesses and inhibit their ability to function and grow when we don't have conclusive evidence. that's the problem. stuart: but it's very attractive to a politician, a...
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. >> first of all, it's driven by harry reid. he refused to bring up a budget, to bring up a single appropriations bill. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret negotiations. i really wish we could have avoided it. but this was the strategy of the democratic leadership in the senate, and they carried it out for almost three years -- over two years now. >> all right, you said in your op-ed today, and i want to quote you directly. you said, in part, washington has become possessed by the idea that a small group of negotiators, meeting in secret, can solve the deep, painful, and systemic problems plaguing this country with a single grand bargain, produced at the 59th minute of the 11th hour. this is a siren song. i suppose
. >> first of all, it's driven by harry reid. he refused to bring up a budget, to bring up a single appropriations bill. >> but you just mentioned speaker boehner. >> well, i was going to get to that. he's driven this process, and about the only thing the republicans could have done would be to protest it, and fight harder about it. and we have, but i don't think effectively enough. and we've now, at the end, fallen into this trap, i would suggest on of just having secret...
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reid they want to delay the implementation of the tax on medical devices. kirsten powers is here, ladies and gentlemen, what do you think of this. >> you're not going to make me defend this. stuart: defend what, the medical device tax or the senate? >> i think this is kind of the outrageous behavior on parts of the democrats. they should have known this was in the bill, right theoretically? >> i thought you'd shifted a little bit to the right. >> i've always been this way i've always been fair and look, i think that, i don't think they should be allowed to do this. if you're going to vote for obamacare and it does have taxes that are attached to it, part of the deal, you can't carve it out to protect your constituents. stuart: especially three weeks before. >> comes up at the election. stuart: it's a powerful group, 17 senate democrats that's a big churni chunk of the democrats-- >> won't be surprised if they get their way. you can't determine taxes and carve out for your powerful constituents to help you get elected. stuart: suppose it is delayed or abolis
reid they want to delay the implementation of the tax on medical devices. kirsten powers is here, ladies and gentlemen, what do you think of this. >> you're not going to make me defend this. stuart: defend what, the medical device tax or the senate? >> i think this is kind of the outrageous behavior on parts of the democrats. they should have known this was in the bill, right theoretically? >> i thought you'd shifted a little bit to the right. >> i've always been this...